Helping pension scheme members cover the cost of financial advice

We're pleased to announce a new facility designed to help your pension scheme members cover the cost of professional advice from their pension pot without having to draw on other savings.

The introduction of this service directly supports the Financial Advice Market Review's call for "advice for all." It comes hot on the heels of unbiased advice suggesting 34% of people who arrange a financial product themselves without professional advice later regret their decision.

In order to qualify, the advice must be provided by a regulated firm and relate directly to their workplace pension or its benefits, for instance:

Transfers in

Single lump sum contributions

Investment advice

Tax planning

Retirement options

The deduction of any such payments will not affect the percentage of tax free cash to which the member is entitled.